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OilStockReport

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OilStockReport

Re: OilStockReport post# 23

Friday, 11/19/2010 1:58:38 AM

Friday, November 19, 2010 1:58:38 AM

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ION currently has about a 3% market share in the $16 billion seismic market, while BGP boasts an 8% share. Together, the two companies are an excellent match, with ION's advanced technology and BGP's breadth and cost-effective operations. I expect demand for ION's FireFly technology to grow in the onshore market over the next several years as aging equipment gets replaced.

ION should also grow its marine business, as deepwater rigs get rolled out and exploration activity in unconventional places like the Arctic heats up.

This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so consult a licensed professional making any decisions. My track record is real time @TurnKeyOil

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